US: Housing starts in focus – TDS

Analysts at TDS suggest that the consensus looks for US May housing starts to rebound to 1.31m, up 1.9% m/m from the prior month.

Key Quotes

“Building permits are expected to decline 1.0% to a 1.35m pace. We will also hear from St. Louis Fed President Bullard who participates in a panel on "macroeconomics of price and wage-setting" at 7:00am ET at the ECB's Sintra Conference.”